Author Topic: Bitcoin  (Read 110062 times)

Re: Bitcoin
Reply #150 on: July 18, 2017, 22:49:22 PM
Noticed that bitcoin has taken a bit of  tumble over last couple of days. Down about 25% to 1500£.
 Worth an investment or is it likely to keep sliding?

It was definitely worth an investment, already back up over £1,800. But the next drop is about to start, not sure how big, but this bounce was so hard and so fast I fear it's a bull trap.

  • Offline matt5cott

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Re: Bitcoin
Reply #151 on: July 25, 2017, 07:39:55 AM

Re: Bitcoin
Reply #152 on: July 26, 2017, 19:25:06 PM
Big news in the bitcoin world today. An arrest has been made in relation to the theft of Bitcoins from MTGox. It seems the suspect is strongly linked to the Russian bitcoin exchange BTC-e, which has been "down" for a few days.


http://www.reuters.com/article/us-greece-russia-arrest-idUSKBN1AB1OP

http://blog.wizsec.jp/2017/07/breaking-open-mtgox-1.html


Some suggestions are that outright BTC-e hacked MtGox. Never a dull moment in crypto.

  • Offline matt5cott

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Re: Bitcoin
Reply #153 on: July 31, 2017, 21:14:15 PM
Tons of people have gone short, and it's crashing in the wrong direction




 :lol:

Re: Bitcoin
Reply #154 on: August 01, 2017, 22:37:07 PM
Tons of people have gone short, and it's crashing in the wrong direction




 :lol:

Didn't/hasn't quite worked out like some thought.

Re: Bitcoin
Reply #155 on: August 05, 2017, 08:15:55 AM
Knocking on $3,200 door.  :ptu:

Re: Bitcoin
Reply #156 on: August 05, 2017, 19:14:06 PM
$3300 breached.

Re: Bitcoin
Reply #157 on: August 07, 2017, 12:35:17 PM
$3400 in sight :P

Re: Bitcoin
Reply #158 on: August 07, 2017, 15:20:18 PM
$3400 in sight :P
$5k by the end of the someone somewhere was predicting... $1k for Ether.

Re: Bitcoin
Reply #159 on: August 08, 2017, 08:29:52 AM
$3400 in sight :P
$5k by the end of the someone somewhere was predicting... $1k for Ether.

does $5k sound so unbelievable?  ;)

Re: Bitcoin
Reply #160 on: August 08, 2017, 09:22:59 AM

does $5k sound so unbelievable?  ;)

Not unless Crypto starts to get regulated.

Re: Bitcoin
Reply #161 on: August 08, 2017, 18:02:46 PM

does $5k sound so unbelievable?  ;)

Not unless Crypto starts to get regulated.

What sort of regulation are we talking about that doesn't already exist?

Re: Bitcoin
Reply #162 on: August 09, 2017, 15:19:35 PM

does $5k sound so unbelievable?  ;)

Not unless Crypto starts to get regulated.

What sort of regulation are we talking about that doesn't already exist?

well if it is so popular on the darkweb & other illegal activities & transactions, I think at some point governments will want more access to the tracing things.

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Re: Bitcoin
Reply #163 on: August 10, 2017, 17:00:40 PM

well if it is so popular on the darkweb & other illegal activities & transactions, I think at some point governments will want more access to the tracing things.

It's the trading commodity of preference on the dark web, at least for the illegal stuff. It is extremely resistant to tracing. That is one reason it is so valuable at the moment.

There are supposed to be upgrades coming up to increase production, which may reduce profits.

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Re: Bitcoin
Reply #164 on: August 10, 2017, 17:11:32 PM
It's weird one, by the nature of the tech every transaction on the network is completely traceable, it's just determining who owns what address :lol:

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